Akebia Therapeutics Inc. (AKBA) concluded trading on Wednesday at a closing price of $1.56, with 5.37 million shares of worth about $8.38 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 54.46% during that period and on April 10, 2024 the price saw a gain of about 1.30%. Currently the company’s common shares owned by public are about 194.58M shares, out of which, 184.15M shares are available for trading.
However, the stock later moved at a day high price of 1.6200, or with a gain of 1.30%. Stock saw a price change of 4.70% in past 5 days and over the past one month there was a price change of 8.33%. Year-to-date (YTD), AKBA shares are showing a performance of 25.81% which increased to 174.31% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.53 but also hit the highest price of $2.48 during that period. The average intraday trading volume for Akebia Therapeutics Inc. shares is 4.65 million. The stock is currently trading -10.40% below its 20-day simple moving average (SMA20), while that difference is down -4.63% for SMA50 and it goes to 20.41% higher than SMA200.
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Akebia Therapeutics Inc. (NASDAQ: AKBA) currently have 194.58M outstanding shares and institutions hold larger chunk of about 18.43% of that.
The stock has a current market capitalization of $326.62M and its 3Y-monthly beta is at 0.86. It has posted earnings per share of -$0.28 in the same period. It has Quick Ratio of 1.03. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for AKBA, volatility over the week remained 7.23% while standing at 12.21% over the month.
Analysts are in expectations that Akebia Therapeutics Inc. (AKBA) stock would likely to be making an EPS of -$0.08 in the current quarter, while forecast for next quarter EPS is -$0.06 and it is -$0.29 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.11 which is -$0.05 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.14 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 0.32% while it is estimated to increase by 1.92% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BTIG Research on November 29, 2023 offering a Buy rating for the stock and assigned a target price of $4 to it. Coverage by H.C. Wainwright stated Akebia Therapeutics Inc. (AKBA) stock as a Buy in their note to investors on August 28, 2023, suggesting a price target of $3.75 for the stock. On May 31, 2023, Piper Sandler Upgrade their recommendations, while on March 31, 2022, Piper Sandler Downgrade their ratings for the stock with a price target of $2. Stock get a Hold rating from Needham on March 31, 2022.
